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20121112
20121112
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. yes, volatility will be with us for a period of time. but we are very constructive when we look at next year on the whole. >> chris, where's the -- >> what are you seeing today? a fractional move now but it's been very much getting rid of winners and selling into any strength in this market ever since the election. >> well, i guess the question i have for chris, where is the volatility? i'm surprised. the vix has collapsed. it's a rare day when you see the vix down 9%. the stock market, dow is only up 18 points? >> this day has a big asterisk attached to it, don't you think? >> yes, but nonetheless when you saw the stuff over the week we understand a lot of people -- i was surprised how many people were arguing maybe it's not a bad thing to go over the fiscal cliff. i think it's a terrible idea. i'm surprised to see the vix down so much. we have options expiration coming up friday. people are taking off when the risk is rising. i find that a little odd. >> michael, your idea is it's not just about the fiscal cliff. apple is a big factor for this market as well, isn't it? >> no q
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